Global LNG analysis report 2023 – Part 3

The third part of this deep-dive analysis looks at liquefaction and regasification developments in the Europe and Russia

Russia’s invasion of Ukraine started a chain reaction that has had significant consequences for energy supplies to Eastern and Western Europe, as well as capital construction and the export ambitions of Russia. Due to Russia’s aggression, most Eastern and Western European nations are looking away from Russia for energy supplies, especially when it comes to gas. However, this is a difficult task given that Western Europe relies on Russia for approximately 40pc of its gas supplies. Many of the European countries’ pathways to wean themselves off Russian gas will take time and significant capital (e.g.,for building new LNG import capacity or ordering/mooring new FSRUs). To help fill the void cre